6. a. In Management's Discussion and Analysis (MD&A), what is the basic purpose of analyzing the government's overall financial position and results of operations? To help users assess the government's financial position and results in relation to other governments b. To review the government's financial position and results over the past 10 years c. To help users assess whether and why the government's financial position improved or deteriorated as a result of the year's operations d. To help users understand how the government's component units influenced its financial position 7. a. How is the financial information for individual nonmajor funds displayed in the fund financial statements? It is aggregated and displayed in a single column in the fund statements; combining statements for nonmajor funds are not required but may be presented as supplementary information. b. It is not displayed anywhere in the fund financial statements. c. It is not displayed anywhere in the fund financial statements, but may be reported in the combining statements d. Individual nonmajor governmental funds are aggregated and presented in a single column in the fund statements, but nonmajor proprietary funds are not. 8. a. How are amounts due to other funds reported in the fund financial statements? Assets in the balance sheet b. Expenditures in the statement of revenues, expenditures, and changes in fund balances C. Liabilities in the balance sheet d. Transfers out in the statement of revenues, expenditures, and changes in fund balances 9. The financial statements prepared for fiduciary funds are: a. Statement of fiduciary net position b. Statement of changes in fiduciary net position Statement of fiduciary cash flows d. Only a and b C. 10. As a general rule, how many years of trend data does the GASB generally require in the statistical section for a particular statistic? a. 10 years b. 20 years c. The current year and the immediately preceding year d. 5 years